F.N.B. Co. (NYSE:FNB) Short Interest Update

F.N.B. Co. (NYSE:FNB) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 6,790,000 shares, an increase of 7.1% from the December 31st total of 6,340,000 shares. Based on an average daily trading volume, of 2,390,000 shares, the days-to-cover ratio is currently 2.8 days.

F.N.B. Price Performance

Shares of NYSE:FNB traded up $0.28 during midday trading on Tuesday, reaching $15.58. 473,034 shares of the company were exchanged, compared to its average volume of 2,720,466. The stock has a market cap of $5.60 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 3.74 and a beta of 1.01. The business’s fifty day moving average is $15.53 and its two-hundred day moving average is $14.95. F.N.B. has a one year low of $12.49 and a one year high of $17.70. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48.

F.N.B. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.08%. F.N.B.’s dividend payout ratio is currently 38.10%.

Analysts Set New Price Targets

FNB has been the subject of a number of research reports. DA Davidson upped their target price on shares of F.N.B. from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Raymond James raised their target price on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Wells Fargo & Company cut their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Stephens raised their price objective on F.N.B. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Keefe, Bruyette & Woods increased their target price on shares of F.N.B. from $16.00 to $18.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

Insiders Place Their Bets

In other F.N.B. news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $16.50, for a total transaction of $2,062,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,652,229 shares in the company, valued at $27,261,778.50. The trade was a 7.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.22% of the stock is owned by insiders.

Institutional Investors Weigh In On F.N.B.

Several large investors have recently added to or reduced their stakes in FNB. Wealthspire Advisors LLC increased its position in shares of F.N.B. by 6.8% during the 4th quarter. Wealthspire Advisors LLC now owns 19,400 shares of the bank’s stock valued at $287,000 after purchasing an additional 1,230 shares during the last quarter. Good Life Advisors LLC purchased a new stake in shares of F.N.B. in the fourth quarter valued at $156,000. Sanctuary Advisors LLC raised its stake in shares of F.N.B. by 12.2% in the fourth quarter. Sanctuary Advisors LLC now owns 26,752 shares of the bank’s stock valued at $423,000 after acquiring an additional 2,901 shares during the period. Stieven Capital Advisors L.P. lifted its holdings in shares of F.N.B. by 8.0% in the 4th quarter. Stieven Capital Advisors L.P. now owns 823,591 shares of the bank’s stock worth $12,173,000 after acquiring an additional 60,900 shares during the last quarter. Finally, Congress Asset Management Co. boosted its stake in shares of F.N.B. by 4.7% during the 4th quarter. Congress Asset Management Co. now owns 168,344 shares of the bank’s stock worth $2,488,000 after purchasing an additional 7,570 shares during the period. 79.25% of the stock is owned by institutional investors.

F.N.B. Company Profile

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.